Source - RNS
RNS Number : 7189F
RM Secured Direct Lending PLC
19 May 2017
 

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement of the Placing under Placing Programme announcement released yesterday.

 

 

19 May 2017

RM Secured Direct Lending Plc

 

("RMDL" or the "Company")

 

Result of Placing under Placing Programme

 

RMDL, an investment trust specialising in secured debt instruments, announces that, further to the announcement made yesterday, the Company has received commitments from investors subscribing for a total of  £7.1 million (before costs and expenses) via the Placing.

 

Accordingly, an aggregate of 7,000,000 New Ordinary Shares have been issued and allotted conditionally upon admission at the Placing Price of 101.25 pence each.

 

Application has been made for admission of the New Ordinary Shares to listing on the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 24 May 2017.

 

Following Admission, the Company will have 57,300,000 Ordinary Shares in issue. Therefore, the total number of voting rights of the Company will be 57,300,000 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company.

 

For further information, please contact:

 

RM Capital Markets Limited - Investment Manager

James Robson

Pietro Nicholls

Tel: 0131 603 7060

 

Nplus1 Singer Advisory LLP - Sponsor, Financial Adviser and Broker

Gillian Martin

Lauren Kettle

James Hopton

Tel: 020 7496 3000

 

Bell Pottinger - Financial PR

Elizabeth Snow

Nick Lambert

Tel: 020 3772 2582

 

International Fund Management - AIFM

Chris Hickling                                                               

Tel: 01481 737600

 

PraxisIFM Fund Services (UK) Limited - Administrator and Company Secretary

Anthony Lee

Adam Smith

Tel: 020 7653 9690

 

 

About RM Secured Direct Lending

 

RM Secured Direct Lending Plc is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.

 

The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.


For more information, please see
https://rm-funds.co.uk/rmdl/investor-relations/ 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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